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The 1st Nordic Go-Kart Championship is just to start with! 
2012.08.30
The 1st Nordic Go-Kart Championship in Latvia took place on August 17 at the Sports Complex "333" gathering 26 participants. This event gave nothing else just positive emotions and adrenaline for a while. The participants were mainly from the Finnish and Danish Chambers of Commerce in Latvia.

All participants were driving 3 times - approximately 7 laps (1200m/lap) each time. We started with warm-up, followed by the qualification and finished with a final.

The winner of this Championship became Pekka Mykkanen, Chairman of the Board, FCCL with a total time of 8:53.764 for the final;
An art exhibition "Truth, Myth and Bull" 
2012.04.25
The Danish Cultural Institute is hosting an art exhbition "Truth, Myth and Bull" by Yvonne Gerner and Skuja Braden. The exhibition is open on working days from April 26 to June 2 from 10:00 to 16:00 at the Danish Cultural Institute, Bergs Bazaar, Marijas iela 13/3, 1st floor, Riga.
New round open to applications for Nordic-Baltic Mobility Programme for Business and Industry  
2012.02.29
Would you like to do a study visit, to have an internship or to organize networking activities in the Baltic and Nordic countries? If you work in business and industry you can now apply for a grant for 2012. The joint Nordic-Baltic Mobility Programme for Business and Industry promote economic cooperation, innovation and entrepreneurship to strengthen the global competitive power of the Nordic-Baltic region. The Programme gives financial support to SMEs, business incubators and organizations in the fields of business and industry to carry out study visits, internships, training or network activities.
Fines of LVL 250-500 to apply for violations of property status declaration procedure 
2012.02.24
RIGA, Feb 23 (LETA) - Saeima today passed in the final reading amendments to the Administrative Violations Code, introducing fines for violations in residents' declarations of their property status.

The amendments stipulate that fines of up to LVL 250 will apply to residents who fail to submit their property status declarations, fill out the declarations incorrectly or fail to declare part of their properties or savings.

NATO extends patrol of Baltic airspace until 2018 
2012.02.09
VILNIUS, Feb 8 (LETA) - NATO has extended the alliance's patrol of Baltic airspace until 2018, Lithuanian Radio reported on Wednesday. The current mandate of the patrol mission is in force until the end of 2014.

NATO Secretary General Anders Fogh Rasmussen is satisfied with the decision made by the alliance.

''This mission confirms the alliance's commitment towards collective defense and solidarity,'' Rasmussen emphasized.

Government approves procedure of declaration of cash savings by private individuals 
2012.02.01
RIGA, Jan 31 (LETA) - The government today approved the Finance Ministry's procedure for the declaration of cash savings by private individuals, whereby person who have such cash savings will have to transfer them to their accounts in commercial banks.

The regulations stipulate that this will have to be done by 12 midnight on June 1 this year.

The law on private individuals' declarations of financial circumstances, which came into force December 15 last year, stipulates that residents will have to declare cash savings worth more than LVL 10,000, in lats or foreign currencies, which they will have to pay into their bank accounts. For officials, the minimum limit is LVL 4,000.

85% EU co-funding must be achieved to implement "Rail Baltica" 
2012.01.16
RIGA, Jan 13 (NOZARE.LV) - For successful implementation of the high-speed railroad project "Rail Baltica," it is of utmost importance that an 85 percent co-funding be secured from the European Union, and this is entirely feasible, Prime Minister Valdis Dombrovskis (Unity) and European Commission Deputy Chairman and Transport Commissioner Siim Kallas announced during a joint press conference today.

Dombrovskis explained that the co-funding is an important precondition for implementation of "Rail Baltica". The prime minister also emphasized that it is necessary to improve "Rail Baltica's" provisional offer by connecting the Riga Airport with the city's port.

Riga Airport to remain region's least expensive airport even with new security fees 
2012.01.02
RIGA, Dec 29 (NOZARE.LV) - The Riga Airport will still remain the least expensive airport in the region, even though its new security fees, which will be introduced on January 1, are among the region's highest, the airport's board member Aldis Murnieks announced during a press conference today.

"The Riga Airport is not concerned about losing its positions, since it still is the region's least expensive airport: the other fees charged by the airport are small," explained Murnieks.

"Parex banka" decides to refuse from banking license  
2011.12.28
RIGA, Dec 28 (NOZARE.LV) - Today, "Parex banka's" shareholders decided to refuse from the bank's license and amend its regulations in compliance with the new status, "Nozare.lv" was informed by the bank's representative Marita Ozolina-Tumanovska.

"Parex banka's" new operating model will be implemented when the bank will receive permission from the Financial and Capital Market Commission. The bank's name will be changed.
Latvia registers EU's fifth largest increase in exports in first nine months 
2011.12.21
LUXEMBOURG, Dec 19 (LETA) - Latvia's exports in the first nine months this year increased 33 percent from the same period last year, which was the fifth largest increase among the European Union member states, according to the EU statistical office "Eurostat" data.

Exports grew 47 percent in Estonia, 46 percent in Malta, 42 percent in Greece and 35 percent in Lithuania.
Bulgaria's exports increased as much as Latvia's, 33 percent.
All the EU member states recorded increases in their exports in the first nine months.
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Danish Chamber of Commerce in Latvia, Pils iela 11, Rīga, LV 1863, Latvia;
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